2008 Meltdown Revisited-There’s No Solution-Egon von Greyerz

Gold and financial expert, Egon von Greyerz, says buckle your seat belts–a replay of the 2008 financial crisis will “soon return.” Greyerz contends, “What happened in 2008 was expected by us for quite a long time. The solution of $25 trillion to save banks and financial markets was not a solution. It was just a temporary deferral of the problem. The money, as we know, went into the banking system, and it didn’t go into the real economy. The banks in Europe still have the same problems. They are leveraged as much as before. Deutsche Bank is leveraged 50 times. U.S. banks are slightly less leveraged, but they have the derivatives that are not included on their balance sheets; of course, but if you include that, they have more leverage than the European banks. . . . We are now in a situation where every major economy in the world is in a total mess.” Greyerz goes on to explain, “Japan’s economy is going to disappear into the Pacific. China is having its problems. Europe has problems. The EU will never work and was not supposed to work. The euro is an artificial currency and, in the long run, will not survive. The U.S. stock market is at an all-time high, but that has nothing to do with the real economy which is an absolute mess. So, the world has never been in a situation where all nations simultaneously are having problems that are insoluble. Every major nation is running a deficit today. So, right now, I think we are going to revisit 2008; but this time, there is no solution.”

On the value of the U.S. dollar, Greyerz predicts, “The problem is it’s not just the dollar. The dollar is the first one that’s going to fall, but all the currencies are in a race to the bottom. Since 1913 when the Fed was created, we’ve seen a fall of 97% to 99% of ALL currencies against gold.”

So, what might this next financial calamity look like? Greyerz, who controls the largest gold vault in Europe, says, “We are specialists in wealth preservation. Our task is to analyze the risk and take all the measures possible to protect clients from the risk that we see, and the risks are bigger than ever in the world. . . . We are going to see a major financial disaster and possibly collapse. The world has been living above its means for a hundred years. It has gradually gotten worse as central banks have printed more and more money. . . . Just in the United States, in the last eight years, the debt has increased from $8 trillion to $17 trillion. That is an increase of $9 trillion in just eight years. That is more money than was created in the creation of the United States from over 200 years ago to when Bernanke took over. That is happening everywhere in the world. . . . The dollar is going to collapse, and all the other currencies will follow. It will then be revealed that all these debts can never be repaid. Will they be repaid with inflationary money? That’s not repayment. In the end, there is going to have to be a reset; and I fear that, in the end, there will not be an orderly reset. I fear we will have a hyperinflationary depression first and then a deflationary depression.”

On World War, Greyerz says, “That’s been the rule whenever an empire is collapsing. The actions they take are they start wars everywhere because then you can frighten people and you can borrow more money. Of course, to some extent, the United States has done that. . . . There could easily be a war, and just look at Ukraine. . . . Here we have a situation that just arose in the last six months that nobody talked about last year. That, in itself, is a very dangerous situation. . . . Ukraine is just one situation. When you take a look at what’s happening with Iraq, Saudi Arabia and the Middle East, it’s a very unstable situation also. War is certainly a major part of the risks we have.”

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Founder of Matterhorn Asset Management, Egon von Greyerz, who can be found on GoldSwitzerland.com.

(There is much more in the video interview.)

After the Interview:

Egon von Greyerz also said, “I’ve been saying for a long time gold is going to be $10,000 per ounce in today’s money, but we’re not going to have today’s money in the future.” If you would like to know more about Greyerz and Matterhorn Asset Management, go to GoldSwitzerland.com.

About the Author

Greg Hunter

Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.

Comments

allen ols07/16/2014 •

greg;
wow, a very different take on gold, meaning people will fabricate gold and people wont trust buying and selling in gold, except from a re finery, AND;

Egon von Greyerz also said, “I’ve been saying for a long time gold is going to be $10,000 per ounce in today’s money, but we’re not going to have today’s money in the future.” Now i have been wondering about this aspect, of inflated currency vs todays currency value as per gold value. new info for me.

Allen OLS, the last paragraph you quoted seems to agree with what John Williams suggested in Sunday’s interview, that gold could be $100k or even $1 mil per oz, due to hyperinflation. I guess everything else “rises” in price accordingly, or should that be “Fiat currency depreciates” against gold.

I really dont know, i rely on experts, and only do what i am comfortable with, ie i agree with lastman, i buy tangebles, sp, and am an industrial contractor by trade. my last project was the prep work for the manfg of the v-22 osprey tail section or empenage at the boieng plant here in nashville. I did it twice, tearing out a whole hanger of office, and stuff, and prepping the floor with trenches and air lines, eletc. water, and stuff. carlyle group bought out aerostructures and it turned to vaught ind.and then triumph. originally it was avco, to textron industries. i am heavy in gardening, prepping soil, chickens, soon rabbits, then maybe goats. lastman, i discovered i get 2 gallons of distilled water form my new, dehumidifier , which i can run with an inverter and marine battery, add solar panels for re charge. I am rotating my gasoline now, pumping out 15 gal, and adding 15 fresh non ethanol, or reg gas. I have pri-g commercial stabil on hand. thanks for your comments. al ols

No solutions?
The only way to solve a problem is with a new consciousness, said someone famous.
There will be solutions for the dollar, but they won’t come from old thinking. Bring on the changes! I’m done with the Fed, done with big banks, done with fraud….just as the banksters have alienated the BRICS, they have alienated we the people.

Al, I been telling people this for years…learn how to make a deal, negotiate or work for tangible items. People that know how to do this with ALL of their “goodies/skill/talents” will do just fine.

I will be “politically correct” for all those who are weak, have no guts or kohona’s that have freeloaded off the rest of us…you will either learn how to work hard for your survival or you will die…that is how the earth started and it is how it still works. They will get what they have sown. I can’t freakin wait.

Some of us have just taken advantage of a combination of “old school and new school” tech and are using that info wisely…that may not even be enough. I can live with that.

I am not buying the manufacturing of gold thing…on a very small scale maybe. Lots of energy is required to do that and he seemed to be coming from a “near” dark age perspective.

In the future, you will need water, shelter, food and a way to protect it.

You wrote,”A survival “app” will not do it.”
Dude, this is truth. The Millennials are going to be bitch slapped awake. Those degrees in Women’s religious studies, pornography, and sociology dont translate well into employment during good times…during bad times,.well these guys and gals better learn how to profile (avoid danger) and run…and pray to the One, True God for salvation in the next world because in times of severe social and economic upheaval…lets just say their prospects for longevity are not looking good.
A good library will be invaluable. Good old-fashioned paper. Sure you can have your ebooks. I have plenty but they need a device and electricity
Good luck and peace…out

lastman; thats funny, xbox 360 a prep. I have 4 sons who are with me in this prepping, but would disagree, lol, they say, “dad, get another barrel of gas for the gen set, for 3 game systems.
they work hard with me out in the country, we spent all day there yesterday, but funny u should mention the game systems.

What one wonderes is, if you have lots of gold, and all heck breaks loose, how do you carry it, or trade it in a supply short harsh and hostile environment?

And, if gold or silver goes up in value, like say gold is at $5,000 an Oz or somthing they manipulate the price to, won’t that also mean a loaf of bread costs $500.00 and a gallon of gasoline sells for $100.00?

There is also the confiscations that are coming and here is a bunch of clues that are leading to what the dangerous babylonian bankster MIC govt might be planning next.:

Hard for a poor soul on board to make any real good decisions about what to do when everybody knows they will eventually come house to house for the guns, food, or any record of trouble making after the lock down. That may not go so well. What good is gold and silver then?

I am not sure it will go down the way you think Heart. The videos you posted were more speculation than sources. Some people should just go out and stock up on storable food and supplies so you can put off “a loaf of bread costs $500.00.” The other end of this crisis is deflation according to Greyerz. Metal works well on that end of the spectrum and so s=does having supplies that will be in tight supply.
Greg

Well, at this time, it all seems like a tossed coin. Anyone can make guesses about what WILL happen. Seeing titles to videos like this one and watching the trends of govt preparation, it seems obvious that everybody that is somewhat aware of the larger picture, is preparing in each and own’s way.

U.S. Government Changes Focus In War On Terror: U.S. Citizens Are New Terror Threat!:

Still, this is just not right and many of our grandfathers went to war in the 40’s against this very kind of thing. Fascism. In fact, history does not necessarily always repeat, but is sure does rhyme well.

Deflation: Goods on the shelf and no buyers. My dad said the depression was a time when noone had any thing. Hence nothing to buy the goods on the shelf. Enough of the powers that be believe this is worse than inflation leading to the money printing we have now. Someone from the hierarchy will have to school me on how money printing ends better. Precious metals in your pocket might go a long way during the time after hyperinflation if it happens.

The one good thing about your military build up on home soil is the simultaneous withdrawal from elsewhere. While the world might now get a (short) rest, you guys can get some (much needed) first hand experience of the 70 year American war on – “everything and everyone”:http://sgtreport.com/2014/07/this-is-what-happens-when-you-call-the-cops/
All I am saying, is give peace a chance…

Fraser
Missed you Dude. Glad you’re back.
Give.peace a chance. Nice sentiment. The.Israelis stopped shooting, agreed to a.cease fire and the vile, evil, molsems of Hamas that were begging the UN to impose a cease fire answered with a rocket barrage.
Nice sentiments are not worth much when the wolves are attempting to eat you.

Brave men have to stand up and weaker men have to help them do so. On the other hand, using your (and Greg’s) “Israel logic” answer me this question, “YES or NO” : Does the USA have the right to exist? If yes, then how dare you criticise ANY official USA policy (Patriot Act, Obamacare or otherwise).

On the question of Israel’s right to exist (following Whittgenstein’s logic rather than yours), you must first define the words “Israel”, “right” and “exist”. Are you talking about the small, peaceful 1948 Jewish protectorate, or are you talking about the current beast, almost 3 times the size that illegally steals land and then “settles” it (in defiance of international law). And by the word “exist”, do you mean peacefully, or through endless war, backed only by US money to enfoce hegemony. And under what law does a nation have the “right” to steal land and start wars by blockade food, medicine and school books from entering Gaza and then kill 300 Palestinians in relatiation for 3 deaths and then bomb the place to the ground?

Under International law, there is a strong case that Israel has NO “right” to “exist” in its current form and that reform is desperately needed to get a peace in the Middle East.

Fraser,
What’s up with this? If you think Israel doesn’t have a right to exist and you agree with the Hamas position to destroy Israel, then, you want war. It really is that simple. Is this your position? You think Israel has no right to exist and you agree with the Hamas position to destroy Israel and all Jews? The Israelis accepted a cease-fire and Hamas kept shooting. Hamas obviously wants war. Yes, the U.S. has a right to exist and the U.S. Constitution gives me the right to redress my government. Both the Israelis and Palestinians need to work out a peace agreement, but that is hard to do when it is one side’s stated goal to wipe out the other. You left out that Israel was attacked in 1967 and again in 1973. Land was lost. That is a major downside of attacking another country. You should check the Bible on the land issue. If you want to hate Jews, do so some place else.
Greg

Look don’t be silly, of course I don’t “hate Jews” and of course I don’t want war. But your naive reporting on this subject is frustrating and illogical – because there is no Yes – No, Right – Wrong, Black-White answer in the ME. It is a VERY complex problem created by the British in the 1940’s, who gave away another nation’s land without fair compensation, followed up by Israel’s ongoing land thedt to this day. Deny this and you deny 100’s of UN resolutions (ignored by Israel). http://en.wikipedia.org/wiki/List_of_the_UN_resolutions_concerning_Israel_and_Palestine
The problem will continue until BOTH sides enter genuine negotiations and (to date) almost every negotiation has been blocked by Isreal refusing to even consider pausing the land theft. For goodness sake, Israel will not even acknowledge the UN resolutions, let alone abide by them! So what is the point of law, when one side claims to be above it!

That said I could list atrocities committed by the other side as well, but space is limited and how much time do you have? But my point here is that I find your ongoing 100% backing of Isreal to be both offensive to any form of intelligence and counter-productive to finding a non-violent solution.

Fraser,
This is straight out of the social fascist playbook. If I don’t agree with YOU, then what I think is “offensive to any form of intelligence.” I am some how less intelligent that YOU. Really? I DISAGREE with your condescending attitude–that is what is truly offensive. It’s really is not “complicated” for me. Hamas was offered a cease-fire brokered by Egypt. Israel accepted, and Hamas kept firing rockets for hours before Israel resumed fighting. The U.N brokered another “humanitarian” cease-fire and Hamas broke it two hours into it. Firing hundreds and hundreds of rockets into another country is an act of war. So, this is WAR, and people die in wars. They are not pretty, and you cannot surgically save all the innocent especially when Hamas is firing rockets from schools and hospitals. The stated goal of Hamas is to destroy Israel, but your simple little brain wants to ignore and gloss over that huge fact. Firing rockets into another country is an act of war, but your simple little brain want to ignore that fact. Shooting rockets from schools and hospitals to garner global sympathy by producing photo ops of dead women and children is a war crime, but your little brain wants to gloss over that too. It’s so “complicated” that only someone as smart as YOU has the correct view??? Yes, let’s not be “silly.” Don’t come back. You just made your last comment.
Greg
Greg

Fraser.
Do your own research into the history of Palestine and Israel. You may be surprised to know that the two-state solution was in the original mandate in the 1940’s. What was to be the “Palestinian” state became the country of Jordan. Jordan received 3/4 of the Palestinian land (38,000 square miles); Israel was given 1/4 (less than 8,000 square miles). The history is long and complicated, indeed, and the Palestinian state became an Arab state instead. Now the Palestinians say Israel stole their land from them, and they want it back. Jordan stole their land from them. Why don’t they ask Jordan for it back?

What was Israel given? Desolate land east of the Jordan stream. A no-man’s land that needed irrigation and cultivation to support its population. Israel took desolate land and turned it into good agricultural land.

@The Heart
You wrote,”And, if gold or silver goes up in value, like say gold is at $5,000 an Oz or somthing they manipulate the price to, won’t that also mean a loaf of bread costs $500.00 and a gallon of gasoline sells for $100.00?”
Gold is about $1,300 per troy.oz and silver is about $21/tr oz
Bread…good bread, not wonder bread is abou $3-$4 as is a gallon of gas.
If gold.went up 400 %, it would be $5,200 oz and silver would, in my calculation, about $100/oz if bread and gas went up.ten fold, it would be $30-$40 a loaf / gallon. I believe that gold/silver will up faster than food. It always has in the past.
What I dont under is why you continue to hyperbolize?
You preach that they will.come house to house for guns, gold and food so.why bother. We have more guns in the USA than citizens. How many people in the military do you think are going to go along with house to house searches knowing that while they are checking my house for contraband, that someone is searching his.parents , his brothers, and his own home? Some believe that that the mysterious powers that be will bring in the Russians or the Chinese to disarm and rob us. I laugh at that…any of these scenarios would have.the same effect. They would unite the people against them. And while they would shot some of us, we would teach them the lessons they forgot from Vietnam, Afghanistan and Iraq.

Greg;
I believe I can go to washington, with a large hand full of cash in my hand, and get the EYE, AND EAR of any Republican, or Democrat, or tea party person, and I most likely can get action on my event needed. The bigger the wad of cash, the bigger the EAR LISTENING, no matter what political sway.

the jackass has brought up NEW INFO FOR ME, VIA HAT TRICK LETTER, concerning a ship France is contracted to build for Russia, and the consequences from the US govmnt. HERE is a snipit of a very lengthy discourse. WOW!!

THE GERMANS ARE BUILDING A TRANS-CONTINENTAL RAILROAD FROM THE PACIFIC TO THE ATLANTIC (COAST TO COAST), FROM VLADIVOSTOK TO ST PETERSBURG… THE SILK ROAD IS TO HAVE A NORTHERN ROUTE, TO SUPPLY EUROPE FROM THE NORTHWEST CORNER PORT… THE FRENCH MISTRAL DEAL IS A HIDDEN BRIBE USED AS A WEDGE BETWEEM THE USGOVT AND FRANCE. $$$

The trans-continental railroad is nowhere in the news. Gratitude to Jaroslav in St Petersburg Russia for an intrepid glimpse (my edits to fix second language issues). He is not a Hat Trick Letter client, just a man who knocked on the website door, offering some valued information. He wrote the following account, with heavy editing by the editor in chief. He described in addition his viewpont how the Russians are using the French ship deal to drive a wedge between US and France, with certain leveraged damage. It is working well.

“From Russia I wrote you after listening to your good broadcasts. Here is some interesting information for you to spread. We have some news in the Russian media about railroads that you do not know about, like where they are planned to start and end. The Germans are helping Russia to build a railroad from St Petersburg to Moscow with average speed of passenger train about 160 km/hour (100 mph), then from St Petersburg to Helsinki. There are many railroads from Moscow to many other cities. The most interesting developments come in 2014 after the winter. Germans will help to build a high-speed railroad from St Petersburg to Vladivostok with average speed about 500km/hour (310 mph) and length of 12,000 km (7500 miles). There are more railroads lines, which right now are under construction from Vladivostok to China. My home is in St Petersburg, where large scale construction of ports has been in progress for the last few years. We will see a tremendous flow of goods from China through Russia to Europe five years from now. There are big projects like these basic railroads which Germans helps to build.

The Mistral contract for the warship is a very interesting deal. Actually it is not a deal, but instead it is a bribe. Let me explain how. First, one ship cost about 1 billion Euros and for to break the contract another 1.5 billion Euros. It seems normal but we Russians do not make any helicopters that fit on this carrier. [Our current helicopter gunships] have many technical differences. So we must build new gunships to use the carrier ship. Secondly, we can build these ships by our own at one-tenth of the cost. Either Russia is paying 2 billion Euros for some technical documents, or it is just a bribe. Instead, it is a payment to force the Americans apart from France.” Expect other helicopter contracts to populate the vessels, a catch for future deals.

Sir, no one really knows when the thief strikes in the night. All we ALL can do is to prepare for the worst and hope for the best, and observe the signs and symptoms of a dying nation in the crashing world economic situation that is well planned, and long fortold to come. It all really cannot sustain in the present debt-bankster wars for profit system. Have you read the recently departed Jack Mclamb’s work, Vampire Killer?

You are of course correct in saying many will fight, but do you know what kind of “non and leathal weaponry” is aligned at the American People? Have you ever read the book, Earth Rising, the Revolution: Towards a Thousand Years of Peace, by Dr. Nick Begich? The kinds of things they have planned for the uppity people are horrendous.

Still, the revolution will go on, or, the people will wake and stop it all before it starts so we do not have to have world war three in our front yards. It could begin by getting rid of all the corruption in the houses of leadership, and the complete eliminationof the central banks for a start. Imagine if every soul on board had a home garden, and we sold and built things made in America again. It’s all still possible…until the ballon goes up.

On July 1st, when addressing Russian diplomats in Moscow, Vladimir Putin accused the USGovt of blackmailing France to scrap its Mistral warship contract with Russia, by offering to reduce a record $8.97 billion fine against BNP Paribas. The largest French bank agreed to plead guilty, seen in court documents, to processing almost $9bn in banned transactions involving Sudan, Iran, and Cuba from 2004 to 2012. The company will be temporarily barred from handling some USDollar transactions. Numerous other violations were part of the case, including destruction of evidence and not installing compliance methods after warnings. Putin said, “We know about the pressure which our US partners are applying on France not to supply the Mistrals to Russia. And we even know that they hinted that if the French do not deliver the Mistrals, they would quietly get rid of the sanctions against the bank [BNP Paribas], or at least minimize them. What is that if not blackmail?” It demonstrates in the open what depths the US Fascists will crawl when it fails to impose its will in the international arena even with its so-called allies. Lately, that has been in almost every instance, as Obama is an empty arrogant chair who prefers golf when he is not lying before crowds, or in hidden chambers signing executive decrees to complete the fascist state clamps.

Sometimes I Think ignorance is bliss. I tell myself to keep up on all this financial nonsense. Then nothing happens. Guys, keep me posted when something does. Personally. I think Jerry is a neurotic basket case. I understand that the economy will indeed fail. I think, however, that Jerry has become a cross between “chicken little” and the “boy who cried wolf.” He can of course trash me with terrible evidence in the event I am wrong.

Ruble
I hope you’re right, and I’m wrong. I really do. But do you really think the Chinese would make a move like this if they didn’t know something is getting ready to go down?http://www.thechinamoneyreport.com/2014/07/13/global-payment-system-underway-for-rmb/
What possible enjoyment do you think I get from posting information that I receive here? I have two businesses that will most likely be destroyed , and two major investments that will most likely be lost. All so I can eat freeze dried food for a year or more?? Get real! The only reason I post anything here (get this) is because I respect Greg’s Hunters views and his attempt to warn the public about the economic collapse that is about to happen. That’s all. End of story. I’m not trying to sell you anything. I’m not trying to convert you to anything. Take it for what it is. FREE INFORMATION.

If it bothers you that much, that the timing is off on the biggest economic event of the century, then for the love of god take the blue pill and go back to sleep and forget about it. FEMA has plenty of plastic coffins.

bro Jerry;
I sent jackass a comment i stole from u , he had a great response, i will find it and send it. here is a comment this morn.

Allen Ols
6:16 AM (11 hours ago)

to Jim
I didn’t know anything about south stream, putin in cuba,argentina, brizil, or the train tracks from russia to helsinki, france building a ship. all new info, ht letter well worth it. amazing.

i liked this; He is not a Hat Trick Letter client, just a man who knocked on the website door, offering …..

His comment;

Jim Willie CB
6:42 AM (11 hours ago)

to me
they seem like phrases that roll off easily
but the knocked door took two passes to come up with
never is anything written without a second pass
often on the second, I find something nifty jazzy to insert

HERE it is;

Allen Ols
Jul 14 (2 days ago)

to Jim
There’s only so much money printing, so much manipulation , so much endless lying and stealing and B.S. and denial you can do. But eventually reality comes calling. That’s where we’re at reality. John Williams gets it. The U.S. economy is a dead corpse being kept alive with QE live support. When we lose reserve status ( and its coming) the feeding tube will be ripped out of our chest, and there will be nothing left but a last gasp of air, and website full of people wondering what the hell happened? That is when theoretical doublespeak will merge with the cold steel blade of fact.

Jerry and others,
Please listen to Dr. Jim Willie’s interview with Paul Sandhu if you have not done so already. It is linked at http://www.goldenjackass.com and is in two parts. The second part is where Jim makes a comment regarding the July 15th date we had heard so much about. The larger context is very helpful. Personally I think this is one of Jim’s best interviews. He seems relaxed and yet is as articulate as ever. Also in the first part he gives his own personal/ professional background working for Digital Equipment Corp and Staples and how he was able to use his doctorate in Statistics in his professional career as well as in research with the Hat Trick letter. All the very best. The grace and peace of our Lord Jesus Christ be with you.

Jerry,
Sorry, I think I spoke before I thought. Just like the weather can’t be predicted neither can the economy or dollar. You are a good man because you are doing something you do not have to do and still you do it. I have been awake since 2009 and do not wish to take the blue pill. Keep on doing what you do Jerry and I will shut up. God Bless All

Greg, the ABC’s of a fiat currency are first inflation, then deflation, then war. We are at the beginning of the inflation stage with the other two in development stage. Did I hear someone say Exit, Stage Left?

The recent default of the largest Portuguese banks has been swept under the table. Yahoo! reported the day after the default: Portuguese Bank Worries Fade

Really? Like saying Titanic passengers calm after initial jitters

CNN Money went one step further and outlined why the Portuguese bank default is no reason to worry:
1. It’s a local problem;
2. Regulators are on the case;
3. Europe is getting its act together;
4. Portugal is in better shape
It’s local! We’ve heard the “containment” story before. As Gregory Mannarino points out all banks are connected.
Regulators are on the case! Just like they were in the Bernie Madoff case or in the cases of gold and silver manipulation.

Then the fourth largest Bulgarian Bank is set to collapse
The media claims that again this is an isolated problem relating to “fraud”. Again, nothing to worry about – as if fraud might not apply to other banks.

Then we have the fragile banking system of the so called safe banks. There is the $9 billion fine levied on Bank Paribas, the $8 billion fine on Citigroup. It seems the banking system is under severe strain and it will be hard for the Fed to say with a straight face when there is a melt down that it was “unexpected”.

Did sovereign funds and the Fed back stopped the stock markets after the announcement of the Portuguese bank default to calm the market “jitters”?
The too big to fail banks now get off with fines which only go back to the Federal government.

The size of the fine that Citibank has agreed to pay ($7 billion!) implies a tremendous amount of fraud – but not criminal charges.

If an individual had an enormous fine levied against him one would be safe to assume his behavior was criminal and would probably refuse to have any further dealings with that person.

USDA reports on its site: “The current outlook for 2014 is for normal food price inflation, with supermarket prices expected to rise 2.5 to 3.5 percent over 2013 levels. Combined with increased pressure on the cattle and wholesale beef markets following the unusually cold weather at the end of 2013, and with persistently high prices for meat generally, major impacts from the drought in California have the potential to result in food price inflation above the historical average.”

The prices in California, according to the news report, are still “reasonable.”
Not so in the rest of the country. Some would argue that 78 cents for one ear of corn is unreasonable, also $8 for a small watermelon and $2.68/lb for apples, etc.

If you didn’t have a garden this year, per chance you should put it on your slate to for sure have a garden next year. I know some who chose not to raise gardens in this small “country” town, stating it was cheaper to go to the local farmers market and just buy what is needed. At our local farmers market, cucumbers are going $40 bushel this year. (That is all that is in right now, up here in the North Country.) I hate to think what tomatoes are going to run per bushel. It may turn out that it is not cheaper to buy bulk at the local farmers market — and that a garden really is going to be a necessity.

Not too late for those in the southern warmer climes to get some green beans in the ground yet this summer. Lettuce and other cool weather produce for fall planting might be prudent.

A MAJOR CHESS MOVE IS IN PROGRESS IN THE UNITED STATES BACK YARD… RUSSIA PLANS TO SPONSOR THE CREATION OF A MAJOR TRANSPORT HUB IN CUBA, AN INFRASTRUCTURE UPGRADE, COMBINED WITH A MASSIVE DEBT FORGIVENESS… A LATIN AMERICAN STRATEGY IS UNFOLDING, WHICH INCLUDES LIFTING ARGENTINA (A PERENNIAL NEW YORK EXPLOITED GROUND), AND GIVING ADDED THRUST TO BRAZIL WHICH LANGUISHES… PUTIN IS UNFOLDING AND PRESENTING HIS AMERICAN HEMISPHERE TRADE ZONE, WITH A DEVELOPMENT TABLE, WHICH WILL IN TIME EXTEND TO THE EURASIAN TRADE ZONE IN A MAJOR CHESS MOVE IN THE BACK YARD OF THE FASCIST AXIS. $$$ JW, HT LETTER HEADLINER.

Jerry, didn’t you say you are a player of the board game RISK? What Al describes sounds like a pretty good board strategy to me. Take and hold the southern hemisphere continents (limited exposure) and let them feed into your northern hemisphere operations. Best always. PM

rusty, rusty rusty, It is a headliner from Jim willie’s hat trick letter, which he caps, then he has 10 to 20 parag. in regular writing, i just copied and pasted, the headliner,please relax, it is not that bad.

Greg, I used to think much like Heart did but now I believe that power will jus go back to more local state and county levels much like when Rome fell, you had all these individual states pop up and govern themselves. This whole big New World Order dream is just that: a dream. People think when the dollar collapses, that’s how they’re gonna come in and organize a big new world government when I seem to think it will be the exact opposite. Look and count how countries there were on this planet 100 or 200 years ago and count how many there are now? Way more, not less. So that tells me that world power is constantly being more decentralized rather than centralized. I just think its gonna be every state for themselves and it’s gonna be the worst of times and the best of times all at the same time. Keep up the awesome work Greg.

People need to understand they want people to pay the un payable debt with their property and property rights as well as personal rights in general, they want to make the entire world their personal portfolio for their one world dictatorship where the creditor class hides in a closet and sneakily shouts their dictates to be enforced by gunpoint from the shadows. What will make it go for the next phase is weather people will accept the phony money system as payment to enforce it. The ball is in the peoples court if they can learn to play outside the creditors rules.

@Jerry
Good.morning Dude! I set my alarm later than normal just in case the world ended. As per terms of our agreement, please send Greg a donation
The only nukes I see flying anytime soon is the ones Israel will have to use to destroy the Iranian bunkers. Nothing non-nuke will.do the trick from the outside. Plus Russia has provided state of art anti-aircraft batteries. Israel will need to save All their planes and pilots.for.the.conventional.attacks
Just the.way.I.do.the math
Please.send my regards to “The City” from a good ole boy eatin grits and ham this morning.

In my opinion it appears that the banks worldwide are colluding together to stretch out the window of their endless fiat operation opportunities which continue to denigrate and deny the absolute need for gold (specie) use in their synthetic system instead of scrapping their real world rule over the masses in each country where they have established their operations slanted towards their profits while the masses loose to their depreciating inflationary policies.

Also, Greg, can we be absolutely sure of the security and safety of gold holdings anywhere in this world, under the influences that can develop out of world war? We realize for example that Switzerland over many past decades has traditionally served useful for security purposes bet even it has of late been infiltrated by US regulators requiring accountability of US accounts giving transparency to the IRS income tax regulations and let’s not forget that these regulators always seem to find ways to restructure their regulations to suit their whims so that they can better control foreign assets for tax purposes. Is this something to consider and think about more thoroughly, before we commit our hard earned funds so far away from our personal, in possession control?
Many newsletter writers today for example are telling their subscribers to think about deciding to live in a foreign domicile and only visiting the US occasionally. Is that being loyal to your country of origin or is abandoning your country of origin only a maneuver designed to help yourself personally and thumbing your nose at those dumb sucker American Patriots left behind? Porter Stansberry for example says the biggest threat to the US is that the 1% he says pays 40% of OUR US taxes could elect to leave robbing the US Treasury of that huge tax collection base and where would that leave US as a Nation? Is or isn’t this OUR Country? Why should we allow OUR government to run any of US out of OUR country? Isn’t there a common ground upon which we can build an approach to put we the people back in control rather than merely leaving? Another thing that really bothers me a lot is the idea of sending our gold out of the Country or hiding it in paranoid fashion in OUR back yards etc. According to Article 1; section 10 of OUR US Constitution we the people should be able to use our gold freely out in the open as gold coins this article is designed from the beginning of OUR Country to generate for the purpose of all OUR everyday transactions. Isn’t there something terribly amiss when adults are called upon to hide their real money from one another? It appears to me that hiding OUR real money either at home in OUR back yards or sending it to Switzerland etc. represents a declaration of defeat already and gives the world banking cartels leverage doesn’t it to contain our money values for everyday use locked into their fiat paper money system until ? The only incentive for allowing hiding gold anywhere in this world is to let it lie there uselessly acting as a hedge against OUR consent to allow the banking cartel to continue its’ free reign over the destruction of OUR protected Constitutional privileges and rights. To my way of thinking this is what we’ve gotten ourselves into, by allowing we the people to be hood winked into abandoning OUR Constitutional money gold and silver coins (specie) as mandated in Article 1; Section 10. Instead we are being influenced to either buy gold/silver to hide in OUR backyards or send it somewhere out of OUR reach overseas abrogating OUR Constitutional rights in the process. Either way we loose the right to use OUR gold and silver as OUR everyday money which would automatically restrict the Federal Reserve from colluding with OUR fake government who annually now expand OUR Nation’s deficits and debt. Talk about we the people shooting ourselves in the foot!! It looks to me that we are selling ourselves short in allowing the banking cartel here and elsewhere guaranteed protection for the endless continuation of their money reign over US using fiat money instead of OUR Constitutionally mandated rescue as found in Article 1; Section 10 of OUR well thought out Constitution. In this case the outlaw banks will become supremely rich; while we the people will be impoverished as the Middle Class recedes into oblivion in my opinion and for what purposes?

Russ
Good post. Most of the big players I know have moved their assets outside of the United States. I have been told, by the end of this month that the U.S. government will place a 30% tax on all transfers, so I wouldn’t wait to long. Go to http://www.roguemoney.net and they’ll set you up. They do all forms of transfers. I think there’s a $50,000. minimum.

I am not disagreeing with what I said is going to happen, only the timing of it. The source I rely on has never been wrong on his predictions, but with something this massive with so many moving parts it is hard to be precise.

I will say this. We may still see something big between now and Mid August that will jolt our economy. I see the pieces being moved in place strategically by the TPTB. Its still just a matter of timing.

Donation by the end of week per our agreement. I may not be from the South, but where I live, we go by the code. A mans word is his bond.

Dude,
In solidarity with you, I’ll send Greg a ten spot, also.
I agree that something is going to happen. We have borrowed more than we can ever pay back plus we have taken peoples money and promises social security and blew that too.
My problems is always with people who claim to have arcane knowledge…no, not you, your source…From things I have witnessed, they are all either manipulators, liars, scam artists or preachers looking for a donation to buy that fur coat for his mistress. Not saying your boy falls into that, just explaining why I am not a buyer…

Since there is no honesty in this NWO or “City” game, it is entirely possible that the PTB are stringing Jerry’s source along. Jerry is sincere; his source is sincere, but is the “City” sincere? The old saying goes: a watched pot never boils. There just isn’t enough reliable information available to us. The USA is bankrupt. But evidently so is everyone else. Best always. PM

Friend and colleague Aaron Krowne pitched in, manager of the Implode-Explode website (CLICK HERE). He commented on a chief architect of the Trilateral Commision, and advocate of the New World Order. He summarized,”Finally eyes are opened, obvious to me now. The corollary to Brzezinski’s hysteria about a Eurasian power emerging is that the German-Russian Axis is what is exactly has been sought to be prevented, throughout history. Their goal was to prevent Russia and Germany from aligning. I would not be surprised if the WWI/II manipulations, and before that, the engineered rise of communism and naziism were in large part intended to keep these two nations pitted against each other as mortal enemies. But politics can only trump economic and commercial interests for so long.” Exactly. The London bankers financed the Bolshevik Revolution that spawned the Soviet Union. The Anglo-American bankers financed the German Nazis, who received important Vatican training. Next the Londoners will become fawning financial squires to the Eurasian Trade Zone. What irony!

The Jackass takes the argument one step further. The London maritime interests are based in Fascism, rooted in their predatory (often Satanic) bankers. That Britain fought against the Nazis in World War II in no way contradicts the premise. The British Military and the USMilitary never fought against the London and Wall Street bankers, who were secretly allied with the Nazis. The Wall Street bankers are on record as having financed in part the Nazi Regime in Germany. The 911 events and Patriot Act are the coming out party for the Anglo-American Fascists. The CIA and MI-6 held major roles in the false flag attacks, and the critical coverups. They have natural opponents in the continental Germans and Russians. The deceased Austrian School advocate Kurt Richebacher (a native German) once told the Jackass in 2003, “The British have always been predator fascists, stuck on an island with limited resources. They own the seas. The last Fascists are the Americans, as time will tell.”

Also, the markets must crash first before the dollar collapse. It has to be a staged process. First the bond and equities bubbles need to pop. This will cause the Fed, BOJ, and ECB to step in with more QE. Thus popping the bubble in fiat. However, it can’t be the BRICS popping the dollar bubble. It must be blamed on the western central banks. So they will require a financial crisis first.

July 16th, another boring day at the office. I’m tired of getting laughed at about the dollar demise. Am hoping these guys get kicked in the teeth with some reality before it’s too late. Jerry, even though you had to make a donation to Greg’s site haha, as if that’s a bad thing. I am still holding out that this Ukraine situation is gonna kick off and we will see a major event take place before year’s end. The sooner the better, live or die i’m ready to go.

G500,
I am unsure of what will take place when this all this comes down and though I feel like I have an idea of the hardships that lie ahead for all of us, my ultimate faith comes from Christ who promises to be with us until the end of the age. Now, some may think that this dollar crash will ultimately lead to another currency and things will return to normal. However, I am under the belief that when this happens the prophecies of Revelation are just around the corner. I have always believed in my life that I would live to see the day of Christ’s return and the end times have always fascinated me. Not because of the destruction and turmoil that comes with that, but simply that I may see prophecy unfold before my very eyes. If I could choose to live in any era, it would be when Jesus walked this earth or when he returned to it to claim his bride. It appears to me I will get to see him return. So when I say live or die I am ready to go, I mean that, for to me to live is Christ and to die is gain. What opportunity will we have as Christians to be used by the holy spirit in a time of untold chaos when the very foundation of this life is ripped from us. We will see a time of great revival and in that we will find joy that we have never known in the normalcy of our everyday life.

HTC, Amen brother. We are ambassadors of Him Who has paid the price with His own precious spotless blood and not with ” little coins of gold and silver, to redeem us out from the vain manner of life handed down to us from our fathers” (see 1 Peter 1:18) that we could be “regenerated unto a living hope through the resurrection of Jesus Christ from among the dead unto an inheritance that is incorruptible and undefiled and unfading, kept in the heavens for you, who are being guarded by the power of God through faith unto a salvation ready to be revealed at the last time; in which you exult though for a little while at present, if it must be you have been made sorrowful through various trials, so that the proving of your faith, much more precious than of gold which perishes though it is proved by fire, may be found unto praise and glory and honor at the revelation of Jesus Christ; whom having not seen, you love; into Whom though not seeing Him at present, yet believing, you exult with joy unspeakable and full of glory, receiving the end of your faith, the salvation of your souls.” (1 Peter ch 1). And as Paul wrote to those who believed in Philippi ” our citizenship is in the heavens from which we eagerly await a Savior, the Lord Jesus Christ, Who will transfigure the body of our humiliation to be conformed to the body of His glory, according to His operation by which He is able even to subject all things to Himself” (Phil. 3:20-21). Also “… for you died and your life is hid with Christ in God. When Christ our life is manifested, then you also shall be manifested with Him in glory” (Col 3:3-4). The grace and peace of our Lord Jesus Christ be richly with your spirit brother. He ever lives to intercede having entered once for all into the Holiest of all, having become forever a High Priest according to the order of Melchisedek. (see Hebrews– the heavenly ministry of Christ).

HTC,
Consider also this portion found in Hebrews: “For it was not to angels that He subjected the coming inhabited earth, concerning which we speak. For one has solemnly testified somewhere, saying, “What is man, that You bring him to mind? Or the son of man, that You care for him? You have made Him a little inferior to the angels; You have crowned Him with glory and honor and have set Him over the works of Your hands; You have subjected all things under His feet.” For in subjecting all things to Him, He left nothing unsubjects to Him. But now we do not yet see all things subject to Him, But we see Jesus, who was made a little inferior to the angels because of the suffering of death, crowned with glory and honor, so that by the grace of God He might taste death on behalf of everything. For it was fitting for Him, for whom all things and through whom are all things, in leading many sons into glory, to make the Author of their salvation perfect through sufferings. For both He who sanctifies and those who are being sanctified are all of One, for which cause He is not ashamed to call them brothers, saying, “I will declare Your name to My brothers; in the midst of the church I will sing hymns of praise to You.” And again, ” I will trust in Him.” And again, “Behold, I and the children whom God has given to Me.” Since therefore the children have shared in blood and flesh, He also Himself in like manner partook of the same, that through death might destroy him who has the might of death, that is, the devil, and might release those who because of the fear of death through all their life were held in slavery. For assuredly it is not to angels that He gives help, but He gives help to the seed of Abraham. Hence He should have been made like His brothers in all things that He might become a merciful and faithful High Priest in the things pertaining to God, to make propitiation for the sins of the people. For being tempted in that which He Himself has suffered, He is able to help those who are being tempted. Therefore, holy brothers, partakers of a heavenly calling, consider the Apostle and High Priest of our confession, Jesus, Who was faithful to Him who constituted Him, as also Moses was in all His house. (Hebrews 2:5 – 3:2)

There’s a very good solution to our monetary predicament. It’s simply a challenge because of people’s habits and the paradigm that they’re stuck in. Now that gold weight’s trade value (USD/oz) trades in real-time (floating), the marketplace can monetize bullion (by weight) for the sake of trade/economic liquidity …. debt-free. This will allow debt based currency (fiat) to be drawn off in the course of ordinary/everyday debt servicing. The debt currency goes back to the “nothingness” it was created from. This is a process that is market driven, bottom-up and can only be market driven. It cannot be a top-down implementation by decree or by fiat in any way because the real-time factor and how that would affect the dollar and a potential crash in the legacy system. Gold is real-tome debt-free currency …. by weight. Wake up !

Another superb interview Greg!
Egon is one of my favorites and I have been reading and listening to him for a long time.
I agree with him, we will first have hyperinflation before the deflationary depression comes to the world. Normal times won’t be existing for a long time — if ever.
The economic and monetary stuff is easy to figure out as we are basically all screwed.
But the political and social changes that will be coming have me not sleeping as well as I would like to. Keep strong everyone!

This is an added addendum to my earlier statement today and that is the non use of gold and silver coins (specie) in OUR US economy is far longer than 42 years which is here meant to question for how much longer do we the people intend to hide OUR gold and silver (specie) coins from each other allowing the lawless fiat money banks to rule over not only us in the present tense but future generations now when right today young people in their 30’s are still living at home with their parents etc. without jobs? If OUR Nation were operated on a specie, gold and silver coin, basis, OUR government couldn’t obtain the funds to promote troops in some 140 countries could it and they couldn’t borrow that amount of specie either worldwide could they? Gold and silver are objective, limited money held in bounds by mother nature in her earth; while paper money, as economist John Exeter once proclaimed, is abundant by above ground level dependency upon paper pulp productions made extremely easy on a comparative basis. He said gold and silver compared to paper is scarce; while paper money can be made over abundant! Therein lies the direct resolution to OUR major economic problems but that kind of specie discipline has to be instituted and overwhelmingly maintained through national discipline which I believe was provided by OUR founding Fathers in their US Constitution specifically Article 1; Section 10 exclusively!

Greg,
All your guests are terrific. I fully agree with most of what is said- we will lose reserve currency status-bail ins and negative interest rates are coming-gold will be much more valuable in the future-assets in the bank are dangerous and cold be used to recapitalize banks. All will play out. However, I have been watching stories from Cyprus. This was supposedly the big canary in the coal mine and yet the stories are that things are getting better and that there is growth. We are constantly hearing great arguments for the gloom and doom that is to befall the US. Would be interesting to have some guests on who talk about what it is like for those who are actually experiencing it in Cyprus and Greece. Sounds like there might be some life after the blowup.

So, Christine lagarde mentions July 20th, she also mentions the G7 instead of the G8 at the time of the speech. July 15th we get reports of US military jamming, is it reasonable to assume that these things were not a coincidence. Could lagarde have said the G7 knowing full well Russia would be kicked out and it would in fact be a move by the missing member of the G8 that would inflict a fatal blow to the US dollar on July 20, 2014? Not to say that on that date all hell breaks loose, but fatal wounds are not always instantaneous.

HTC
I think you might be right about the 20th. Check this report out.http://johngaltfla.com/wordpress/2014/07/15/nato-has-intercepted-russian-aircraft-up-to-50-times-in-recent-weeks/
Even though our press doesn’t report it, things are beginning to get ugly. Just remember that when the shooting starts, it is the pin being pulled on a grenade called the “dollar”. Its not the boom. That comes later, from a delayed explosion in silver prices in August. By the sheer fact that PM got smacked down again by TPTB tells me they weren’t ready yet. When you control the markets, you can determine, the when, where, and how.

Haha, I was just running stuff through my head to try and flesh out any possible correlations to what we have seen. Jerry, to me the information you posted makes a lot of sense and I believe it will be turn out to be true in due time. I mean, if that jamming was real it was a test to check our response and if they liked what they saw I see no reason for them to not pull the trigger 5 days later. But when it comes to picking a date it’s exciting right until the day after haha. We shall see soon enough.

Still waiting for updates on 7/15, but this bit of information ties into what is going to happen. It doesn’t take a CSI investigator to connect the dots here.http://rt.com/business/173008-brics-bank-currency-pool
As we used to say when I shot pool. ” They’re in position to run the table”.

Jerry,
I kind of said some things I should not have and I think I spoke before I thought. Sorry. Just like the weather can’t be predicted neither can the economy or dollar. You are a good man because you are doing something you do not have to do and still you do it. I have been awake since 2009 and do not wish to take the blue pill. Keep on doing what you do Jerry and I will shut up. God Bless All…….I have sent this twice to make sure you read it.

Towards the end I don’t like, nor agree, that Egon was saying that he didn’t think anyone is going to spend their Gold. At least not with someone that they are not familiar with. I think that’s like Warren Buffets outlook on Goldbugs. We’ll all just hoard these piles of Gold in a hole in the ground that we dug to hide it in, and then never look at it or spend it, whilst martians look down upon us scratching theirs heads as to why a business would dig Gold up out of the ground, only to be bought someone, and then be re-buried by that person never to be seen again. To me, that just seems absurd. If that were the case, then Gold would not be money. Paper money can be counterfeited, but I still accept them from people I’m not familar with. Why I’m not sure, since all FRN’s are counterfeit now. Haha. I guess it’s because, hey, I can still take them to the coin shop and trade them in for something that hasn’t been counterfeited, debased, and debauched!

Personally, I want to use my Gold as money. In other words, I want to spend it if there is something that I want/need to get! But hey, there’s aline from a song that goes… “Paranoia will destroy ya!” That line was made for Egon here imo.

I would think that there would be some innovative businesses that will come up with various products for testing Gold and Silver. James Turk of Goldmoney uses some kind of x-ray like scanners to scan big bars of Gold. They’ll probably be pocket size versions of these some day, or something even better.

I have access to an x-ray that will show karat and composition including trace elements. Any element heavier than Al will fluoresce in it. I’ve also used it to test older silverware for composition of scrap silver as it can determine the plating thickness and purity of Ag too. I can see this being a popular machine and a future revenue stream for me so long as we can keep it powered.

Matthew 24:36 “But of that day and hour no one knows, not even the angels of heaven,but My Father only.
I apply Matthew 24:36 to all the changes coming.
It is good to be prepared concerning worldly things such as currency and collapse and diversification.
It is absolutely necessary to be right with the lord prior to that preparation or else it is just another false God before the true Lord.
Even my concern for family takes a back seat to being in the Holy Spirit .
Matthew 16:26 For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

Even when I buy silver I can’t help but think of Judas.

Matthew 27:3 Then Judas, which had betrayed him, when he saw that he was condemned, repented himself, and brought again the thirty pieces of silver to the chief priests and elders,

Keep your eye on the prize and we will see the way forward.

Matthew 24:24 For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.
Whatever you do ……Prepare in the mane of the lord when it concerns worldly things.

One your best interviews…here is an expert on WEALTH PRESERVATION. He covered key points. He has spent his whole career on this subject. This means he has to know what is happening and going on. He also seems extremely concerned about the future of the worlds currency strength.

I agree completely about the Euro being a “phony” currency; never had any faith in it.

My best friends have always been Jewish. My hat is off to you Mr. Hunter for understanding that as a Christian our first allegiance as a Christian nation is to the Jewish people. The Jewish people are the chosen people of God and I thank you for recognizing this. As a cop on the beat in NY, I have always been blessed for taking up the interests of the Jewish people here. As you know, the Muslim Caliphate hates our freedome and wants to blow up the world. The United States stands up for Freedom and Liberty and will stand in the way of the Muslim Tyranny ! God Bless and always remember that our God is an AWSOME GOD ! Allah can not compare !!!!! AMEN !!!!!

Great interview no pussy footing about and straight to the point. He said all that needs to be said without quoting statistics and percentages which are a waste of time.
The world financial system is in the drain and cannot be rescued . I notice you often remind guests Greg the this USA Watchdog, but being on the internet you are a international service so let you guests drift off America as we outside of it are interested in the bigger picture. As clearly stated in this interview this collapse is not just going to be an American collapse but all currencies will be affected, so no interview can logically be about one nation anymore. You need a new name for the website like USA Watchdog International so you can appeal to a broader audience.

IT was just a whim comment about name change but the other
fact is you are not a local internet service but an international service
so obviously listeners will come from all over the world, so don’t be too strict about keeping interviews 100% on American news as it can lesson the appeal to the wider audience plus you already have lots of
competition on US news,, so from a business perspective it has got to be good to look for new opportunities to bring news to other areas of the world.

I like gold better than dollars. I like food better than gold! If everything inflates the same as gold, then why not just stock up on the commodities you plan on using/needing like food? Gold is only an intermediary to get what you really need. It is small, portable, and doesn’t spoil. That is all I can see the advantage of having it. If people are starving, I don’t think gold will be worth anything at that point. It might be good before that but not when it gets that bad.

I’ve stored a years supply of food for my family for over 25-yrs now. It can be done cheaply (cheaper than not doing it) if you use it and rotate it so that it isn’t just a big expense and eventually spoils. Wheat will last more than 30-yrs if stored properly. I can make a great loaf of whole wheat bread for probably $.75 (instead of 3-4$ at the store). I can eat oatmeal, or whole wheat pancakes, or french toast for breakfast way cheaper than I can buy cold cereal. I can make corn-bread and some type of bean soup for or dinner a couple of times/week at very little cost. We do all this and it saves a lot of money which we can spend on more food or other stuff. I advise getting some food storage and using it. It will save you money and if it hits the fan – you will be much better prepared! I think a little gold/silver would be good too but if I had to choose I’d go with food.

During the Weimar-inflation/depression period in Germany, the wealthy gave jewelry, furniture, paintings to the farmers (lowest rung in that society–a holdover from feudalism) in exchange for eggs, butter, and potatoes. As is often seen on this site, you can’t eat gold, but I say, if you have gold, you have a much better chance of getting something you CAN eat. Best always. PM

Look at Vladimir Putin’s comments today with regard to the U.S. latest sanctions:

“Sanctions have a boomerang effect and without any doubt they will push U.S.-Russian relations into a dead end, and cause very serious damage, and it undermines the long term security interests of the US State and its people.”

Each one of these moves by the U.S. to ‘sanction’ Russia does nothing except to accelerate the pace and trajectory of the United States’ economic undoing. ‘Arrogance & Hubris’ as Paul Craig Roberts would say. Our current political leaders are stuck in a normalcy bias, because they think 70 years of global trade dominance will never end. Some suggest a long, slow decline for the U.S. That is not necessarily how empires go out. An ‘event’, followed by a series of cascading ‘events’ is what awaits the U.S. and it’s complacent, drugged, entertained and ignorant citizenry. Very unfortunate.

What a concise and accurate assessment! And well written to boot. Keep a weather eye on the Middle-East. All the arming and de-stabilization will turn to major unifications at some point – to bring the Arabs to the Big Round Table. (An ancillary benefit to the Big O)

Russ and Ny Cop. Love your attitude. But get real. There is no Constitution today. No 1st, 4th, 13th ect, ect amendments. Gone, zippo, vanished. Thanks mostly to Nobama. Executive order or just doing whatever while congress sleeps……. Again….you have no freedoms.

Thanks Gregg for many reasons, its been 6 or 7 mos of following you, your guests, comments, the website, etc. I personally have a minimal education, I needed to work at a early age and wasn’t meant for collage. I’v been blessed with a good business that’s more than provides the necessities. I say this only because between USA Watchdog, Zero hedge, with a few others sites I’m able to keep up with the straight dope of the countries failures. Maybe as much, some of the comments of your other followers are excellent and filled with insightful information. Zero Hedge has changed with mainly a new crop of not so insightful comment section of Tyler want to be’s. In its early days you had some of the most insightful well educated comments one could find. I rely on your site and others for looking into the future and the disasters soon to come. I mentioned a few weeks ago about the metrics of Silver to gas ratio. I understand things will be so out of ratio you can throw that table out the window, it was more of a short term outlook I was getting at. However, one question I still ponder is a sell table. Planning, strategy, and common sense. This is what i’m getting at. All of us will despise currency in a hyperinflation period. though, we will want to sell our PMs for items of need and hopefully more. Yes, insurance first, but again John Williams had some huge numbers. If everything goes offline Mad Max what are the chances of selling PMs say for example for land and the Govt having their hands in it with taxes and Cap controls? Is their any ideas that could help looking well into the future. I read something about a German bellhop buying a hotel with a Twenty dollar gold piece in the Weimar inflation period. Yes, I understand this is a hard question to get someones head around but so is the complete break down of society for most of the US population. Maybe a almost impossible question to answer. Thanks again and a donation coming from a loyal follower.

Why would I want to buy gold and keep it in a vault in Switzerland?
When the sh!# hits the fan, I want my money accessible.
Further more, how is artwork considered an asset.
Would anyone trade a painting for a cord of firewood, sack of cornmeal, or a hunting rifle if there family was cold or hungry.
My conjecture is that fine art is going to take a hit just as other paper financial assets.

Important Update-
I heard from my source this morning a very sobering message that I’m still trying to wrap my mind around. He has recently made contact with a very high level military source, that basically laid out the entire playbook for the NWO. The reason this man contacted my source, was to make arrangements for him and his family to relocate outside the United States. Yes its going to get that bad.

First let me say John Williams theory of “bottom bouncing” is very accurate. According to this contact , we’re going to see the dollar bottom bounce from the coming conflict between NATO and Russia, causing the metal prices to spike in August, to a final collapse at the end of 2015. That’s were things get interesting. According to this contact we will be under martial law from that point forward to the establishment of the new NAU ( North American Union) consisting of Mexico, U.S., Canada. The United States will cease to exist as a nation as of ……..get this……..2017. Get the 7 ?

According to this man, the Pentagon wanted him to sign a contract under a FISA agreement to fire on American citizens on American soil. When he refused to do it, they released him from his command, and began to harass him and his family to the point that he contacted my source to be extracted from the United States. The scary part is this man was a Four Star general with authorization over the drone program. So what does that tell you about their intentions.

According to him thousands of drones backed by a mercenary force numbering in the tens of thousands from Black Water, DHS and other covert organizations will be used to take down the armed citizenry of America. All of this in order to establish the NAU for the sole purpose of allowing the Chinese to set up their economic trade platforms within the borders of the United States and the NAU.

Are you getting it yet?
a. Why the Chinese have never collected on their 1.7 Trillion dollar loan?
b. Why the Chinese are busy setting up trade platforms all over the world?
c. Why our government is unconcerned about our debt?
d. Why thousands, soon to be millions are streaming across our southern borders?
e. Why there’s been no collapse of the dollar?

Folks, I have to tell you, it makes me sick at my stomach to type this, but here it is. The NWO has much bigger plans for us than simply setting up a new currency system. They want the establishment of the NAU, to go along with the EU, at all cost. That’s their overall objective. There’s much more but I can’t write it. I really, really, hope this isn’t true. May the lord be with you.

OK, so the clock is ticking. First off, in my mind and heart, the USA will NEVER cease to exist. God or no God, Jesus or no Jesus, I will fight to defend this country. I know there are millions like me. It will take more armed mercenaries than they can raise. I will die in this fight, but I’m going to die, anyway. Many Mexicans and Canucks will join us. If it is time, so be it. Best always. PM

Thank you Jerry and Greg for your time and work in bringing us the real news. Each passing day feels more precarious than the last. Now a plane has crashed over Ukraine. Bradly turn date was July 16th if anyone is familiar with such astrology. I don’t know if this is a false flag, but the lives of 280 people have been thrown away. How many more to come?

What you say Jerry is quite scary indeed. I am at a lost on whether to leave the country with my family or stay and help my parents and siblings. They are completely unaware of these issues. I don’t dare approach them it any longer as I’ve already been labeled a black sheep. Nothing I say will convince them otherwise. Best of wishes to everyone here. May we all live in interesting times.

Jerry, did your source change from a nuclear exchange in 2017 to a simple merger and loss of sovereignty by the United states? And if I understand correctly, you’re now saying the dollar is a moot issue? Either way it appears that all roads lead to a global currency and singular government system. Also, will they still be going to a silver denominated trade system to carry us to the end of 2015. I guess I’m confused as to what exactly is happening here, and why the Ukraine tensions if the dollar will be in use for so much longer with seemingly no change for another 1.5 years. Not trying to come across as rude, merely asking for your opinion on how the rest of this year will play out.

If everyone just did what they tell them to do, and all just say no, the madness would end over night. You have to tell people that this is for real and they have planned for decades to take down the USA using foreign troops and mercenaries like the al-CIA-duh ISIS in Iraq.

People, you have to understand this has all been foretold in the Protocols. A link was posted here for research purposes, but Greg took it as attacking Isreal. Unfortunately, they too are just as great a victims of satans minions, as the rest of the world is. In fact, 98% of the worlds people all share the same bankster warmongering for profits enemy that wants to kill them all of in a world war. How a nation of people can sit idly by as the evil slowly encroaches, shows them all blatantly what is coming to a theater near them soon in the news, and still gawk at the TV drug getting emotional over games with balls, is just insane.

The whole problem lies in the dis/mis-information propaganda program in the lame stream media. As long as the evil that kills, murders, and profits from war owns ALL THE MAIN STREAM MEDIA, there will never be any chance at all for the people to save themselves.

Everybody was given the right of choice by the Creator. The problem is, they have not been given the choice between truth, and the lies of pure hocky-puc BS they get on the nightly TV news church of satan. They are only fed the BS zionist distractions and lies. If one wants real news, go to RT or what really happened for the truth, then pass it to your neighbors. The more the people know the truth, the greater chances of survival in numbers of free Americans that want to stay that way. Free!

The war is coming. Let the 98% rise up and stop this madness that murders innocent people on passenger planes in Europe.

HTC
Dollar will bottom bounce until 2015. They’re not ready. Global currency yes. Probably Yuan. AU yes that’s the plan for the U.S. if that doesn’t go according to plan, the nukes come in 2017. Just remember these people have controlled many countries before us and have many alternate plans to achieve their goals.

Thank you Jerry. Your update is concise, logical, informative and credible as the points you have mentioned are not something totally new or unheard of before. What is deeply troubling though is to realize that we have moved well beyond discussion of these topics in the context of speculation and are now seeing the roll-out in real time of that which will soon break upon the masses in wave upon wave of unedited reality. That is why our hope is and must be in the One, Jesus Christ our Lord, who through death destroyed him that has the might of death, that is the devil, so that He might release those who through all their life were held in slavery to the fear of death. (Hebrews 2– our High Priest who through death not only made purification of sins once for all, but is set down forever on the right hand of the Majesty on High– Looking away unto Jesus the Author and Perfecter of our faith Who for the joy set before Him endured the Cross, despising the shame and is set down forever on the right hand of the Majesty on High. That is our reference point. No new world order authority can usurp or steal or kill that which is hidden IN HIM. “For you died and your life is hid with Christ in God. When Christ Who is our life is manifested, you also shall be manifested with Him in glory” (the apostle Paul– who knew something about the terrors of tyranny, to the believers in Colossae. ch 3:4).

Jerry, HTC and others,
Many of us are very familiar with the Scripture which says “it is appointed unto men to die once, but after this comes judgment” (Heb.9:27). However, continuing on in the very next sentence we read:” so Christ also having been once offered to bear the sins of many, shall appear a second time to those who eagerly await Him, apart from sin unto salvation” (Heb 9:28). Now of course we may conclude that it is to those “who eagerly await Him” that Christ will appear a second time apart from sin and unto salvation which means that somehow eagerness for His appearing on our part is therefore required in order to be qualified to participate in such a hope. But when we consider our own spiritual condition, our weakness and failures (just like the disciples who accompanied Him in the days of his earthly ministry), we quite logically feel a sense of dread and despair because of our own unworthiness and immaturity and I can tell you that for years I have witnessed believers, myself included, who were in a continual state of remorse and grief over their own spiritual state, never seeing themselves fit for entering into that state of glory which the Son Himself now occupies, and if it was that we are to rely on our own strength and ability to be able to enter such a state then surely dread and remorse would be appropriate. (like the dread children of Israel experienced when Moses was gone for 40 days up Mount Sinai to receive the tablets of stone on which the ten commandments were engraved). For “by grace you have been saved through faith and this not of yourselves. It is the gift of God, not of works, lest any man should boast” (Eph 2:8-9). And that is the point. All the glory goes to Him. This salvation is beyond the means, strength and ability of man’s natural ability which was made subject to death because of sin. So then where shall we who have hoped in Him and have been born from above by His Spirit find our encouragement? We must remember that verse 27 and 28 of Hebrews 9 follows verse 24 in which we read: “For Christ did not enter into a holy place made by hands, a figure of the true, but into heaven itself to appear before the face of God for us”. Dear brothers and sisters, when we see that Christ has entered once for all into the Holiest of all to appear now before the face of God FOR US, as a Great High Priest according to the order of Melchisedek (and not according to Aaron), ever living to intercede based on His once for all sacrifice for sins through His own spotless sinless blood, then you will be filled with the joyful expectation of His appearing TO US, a second time apart from sin and unto salvation. (verse 28). The eager expectation of His appearing to us is founded upon the realization that He now appears before the face of God for us. When we fully grasp this, we may then conclude in agreement with that which Paul the apostle wrote (again very well qualified to speak from his own personal experience, not just theory) concerning all these things: ” What shall we say to these things? If God is for us , who can be against us? Indeed, He who did not spare His own Son, but delivered Him up for us all, how shall He not also with Him freely give us all things? Who shall bring a charge against God’s chosen ones? It is God Who justifies. Who is he who condemns? It is Christ Jesus who died and, rather, who was raised, who is also at the right hand of God, who also intercedes for us. Who shall separate us from the love of Christ? Shall tribulation or anguish or persecution or famine or nakedness or peril or sword (drone)? As it is written, “For Your sake we are being put to death all the day long; we have been accounted as sheep for slaughter.” But in all these things we more than conquer through Him who loved us. For I am persuaded that neither death nor life nor angels nor principalities nor things present nor things to come nor powers nor height nor depth nor any other creature will be able to separate us from the love of God, which is in Christ Jesus our Lord” (Romans 8:31-39). I can only say Jerry, that by the grace of God I would rather be a man filled with the grace of God in Christ Jesus by His Spirit living in union by faith with the One who through death destroyed him who has the power of death, that is the devil, than living as a coward in some NWO totalitarian dictatorship hiding away in some underground military facility using mechanical devices to kill my fellow man. His blood paid the price for those who have sold themselves to the NWO, but they may not be willing to leave the organization for fear of reprisal. Working for the devil is never a “winning” deal. He uses fear to keep those who participate in his deeds of darkness in line. Those who participate often hide their faces. They cannot stand the light. What do you think will be the end of all those who willingly participated when the glory of the Lord is revealed and we are manifested with Him in glory and the deeds of these ones all become known and judged? But each of us is given opportunity to repent and believe and be set free. May He empower us by His grace to be a ready witness to those, the many who will realize in desperation that the joke is on them and they have been had and now want to find peace for their past deeds and be free from the syndicate. The grace and peace of our Lord Jesus Christ be with you Jerry and HTC and you Greg and all those who love liberty. He paid the price for our redemption with His precious blood, much more precious than coins of gold and silver.

Jerry….I’m speechless. I pray to God your source is just having some fun at your (and our) expense. If this is right, what comes next will surely be the death of many of us (prepped or not) because many of us (readers of this forum and those that aren’t) will not go quietly into the night. I know the feeling as just reading your post gave me a pit in my stomach (whether it is true or not), as I think we all believe the PTB are capable of awful and dreadful things, and none of this will be a surprise to most of us if it comes to fruition.

Keep your powder dry, pray that God will spare you from this trial, but in the end, the will of God will prevail, whatever that may be for us all.

With all due respect Jerry you have dropped a load of innuendo that is unverifiable by any means.
Saying “My Source” does not give any credibilty to your post.
I can find no 4 Star General that was relieved of command and also had authority over “The Drone Program”.
Please identify said individual by name as your innuendo has already painted him if he is indeed real.
I might be more inclined to take you seriously if you had a track record of releasing critical information to others on this site that was verifiable.
I am not being rude.
I may or may believe in some of your bullet points but you come off sounding panicked and or paranoid if nothing you say can be verified.

I will say I immediately purchased another 10 oz of silver the moment the news came about the downed airliner in the Ukraine

Eddie,
I just clicked over to http://www.sgtreport.com and saw the subject line of an interview posted there “Guerilla Economist V’s interview with 4 Star General- The End of the United States by 2017: What Lies Ahead for the American Public.” I conclude from the title this may be the source info for Jerry’s comment.

Eddie
Lets do something for fun, since you know so much. Who do you think made this statement tonight?

Worthy of note here folks is that the 777 aircraft was shot down over Ukraine on 07/17 which so happens to be the same date TWA 800 was brought down.

Do you think this has anything to do with the speech Christine Lagarde gave to the press club in January referring to the number 7 or is it just a chance occurrence in numerology? Inquiring minds want to know.

Unless you are V the Guerrilla Economist then you have plagiarized his content.https://soundcloud.com/v-guerrilla/guerrillareport-071614
I am not saying you are not him but I can see no reason why V would post anonymously or with a sock puppet name.
Jerry are you V the Guerrilla Economist ?
I don’t think so.

Eddie,
If you scroll back you will see Jerry’s response to Russ’s post in which he commends Russ for his comment and then mentions that most of the big players he knows have already moved their money out of the country and that “he wouldn’t wait too long” to do something because by the end of the month there will be a 30% tax on funds moved overseas and by the way if you go to http://www.roguemoney.net they can set you up for all transfers but, by the way there may be a $50,000.00 minimum. However in an earlier post Jerry also directly said that he is not trying to “sell anything or convert anyone” after catching some grief about the July 15th date. However, I just like to point out for the sake of all who come here that Greg is a real guy and uses his real name as do his guests. Jim Willie, often quoted here is also a real guy. The subscription fee to his newsletter is well worth the content he provides in my opinion. If you have a question you can e-mail him and he’ll answer (which I have done). John Williams is certainly a real guy with a very highly recommended subscription service. Egon Von Greyerz is certainly real as well. But some may take the opportunity to come here to promote their own agenda, which is fine, I suppose, but in the end content publication is up to Greg since it is his site. I certainly will readily admit I have an agenda which is to convert or convince as many as possible as to the freedom which is to be found from knowing the truth of the faith of our Lord Jesus Christ, crucified for our offenses, raised for our justification, ever living to intercede for our perfection and appearing in glory for our glorification. Amen. Just read the description of Him as revealed to John while on the island of Patmos if you have any doubt as to who really runs the show. As for you Jerry, I feel very sorry that by your own posts you show yourself to have given in to fear of what these entities plan for the rest of us, but also your mentioning of roguemoney.net’s ability to facilitate cash transfers out of the US ($50,000.00 minimum) is curious to me as well. Let me be loud and clear. The Lord Jesus Himself holds the keys of death and of Hades and He has not given us a spirit of cowardice, but of power and of love and of a sound mind. (2 Timothy 1:7). I refuse, by the grace of God to be intimidated, controlled or in any other way manipulated by fear of what someone’s unnamed source said that he was told by some unnamed general that “they” were planning to do to us. I know. I know. A lot of people have jumped all over Dr. Jim Willie for his reference to “the Voice”. However please note, it is Dr. Jim who chooses to call him the voice. Jim is a real person and very well knows the identity of this individual as well as his qualifications to speak with authority on the topics he chooses to comment. But honestly Jerry, we don’t know you or your “source” although the content sounds very much like the guerrilla economist, which I am not necessarily knocking, but really Jerry please be aware that while I appreciate the information you offer I have no choice to question the motive behind the source of your info because of the way it is provided. I intend no offense, but am concerned that you may be under the control of someone who may not necessarily have your best interest in view as many of us here from our own experiences in life from time to time can relate I am sure. Thank you Greg for all of your efforts in sorting out and reporting events in their proper context with excellent guest interviews and the opportunity to give and receive feedback from those who choose to participate in the discussion forum. The grace and peace of our Lord Jesus Christ be with you all.

Addendum to my last post.
If you think I’m being played into fear mongering by my source, you might want to click on this link.http://www.un.org/disarmament/ATT/
This delves into the United Nations Disarmament Treaty signed by Secretary of State John Kerry in 2013

Hello!!!!!! Malaysian passenger jet shot down over Ukraine and the MSM is blaming Russia. Watch for NATO to step in an intervene. And what is the deal with these Malaysian jets?? Is it the same one that “crashed ” in the ocean??? Lol

At least Fraser didn’t THREATEN you. I expect he will assume a different identity and try to weasel back on this site. I figured he wouldn’t last too long before showing his real nature. I didn’t expect him to go up against you.
I am trying to write a few books, which may or may not be published, along Christian lines. This is for funding my Golden Years, and my dear wife. I’ve been judicious with an inheritance; but now am coasting toward a pittance of Social Security. And I am fortifying my house, here in Mexico. (Solid doors; thick bar protections, fencing…)

You are the best. USAWD is a Top Site.

On a note or ‘real world reporting’ – It seems that Mexico is NOT processing Document Funds, or checks of any kind. Money exchanges will take ONLY CASH Dollars. This seems to be policy handed down from above, and unexplained. Only ATM withdrawal is available at this point, if you need to draw funds from the US. (Or carry in loads of cash. Not sure about Traveller’s Checks.)
CH

Horrible news today as the nazi IMF junta in Kiev continues to goad Russia into entering the Ukraine to establish peace. They will use NATO to defend the Ukraine like a perfect set up to start WW III. Here is the worst war crime to date in the Ukraine with actual footage of what a plane crash site looks like. Ask, why were the 9/11 crash sites different?

And the next and far more worse war crimes are now being committed under the cover of this plane attack that is almost like a false flag to divert attention from the horrors in Gaza. Pray for the innocents like those kids that were killed on the beach yesterday.

Satan is on the march…the evil of death is very real and coming to the USA soon. You support the evil…or stand against it. Both paths carry the karmic retribution for the decisions we are all making presently. There is no escape from the Universal Law of Cause and Effect. Those who do nothing to stop their own demise, deserve nothing in the coming days of the purposely created chaos and war.

Pray for mankind to awaken and stop the beast that is planning on killing us all. One God is Love, the other god is money. Choose well that which you embrace in the last days of Pompeii.

Israel has begun a ground offensive into Gaza. Ukraine situation seems ready to boil over, Obama slams Russia with yet more sanctions and Putin tells him that’ it’s going to boomerang and hurt our fragile financial stability. Closer and closer we approach a major turning point. Obama’s state of the union address at the beginning of the year labeled 2014 as “the year of change”. Oh, and Christine pegged July using numerology for some crazy reason. Not to mention all the scandals we have had coming g out of the white house, and I turn to my co workers and their response….. “What’s your point”? Unbelievable!!!! Greg, love the site keep up the good work.

Eddie L.
With all due respect, Jerry does not have to reveal his sources for the sake of their safety. We don’t want him to, nor anyone to reveal their sources. We live in perilous times now. We can learn to live with such info. The notes said he is being harassed right now so, with that, it is best to keep a low profile. Truly, thanks for your info Jerry, we will compare notes elsewhere. Don’t feel you owe anyone any names and jeopardize their safety. Getting back on point, the EU was made, was that bad? The Brics, done, and we may have a S. American group in the future, so what of NAU? It seems a natural progression for economic trade and a balance of power. Are we blowing this possible merger out of proportions? -Just an observation

https://soundcloud.com/v-guerrilla/guerrillareport-071614
Good lord take the time to listen to this and you will see how and where he lifted it.
His source must be very busy sourcing .
I worry that people will latch on to anything in dark days.
It is almost copy /paste plagiarism.
You have 0 reason to accept what he says .
Unless it is on faith…..and uhh I’ll save my faith for the big guy.

Chance
I like this country just the way it is, or was. The Second Amendment was put there for times like these to protect us from a tyrannical government hell bent on stripping us of our freedom. But yet if you speak up to support the Constitution, pay your taxes, you’re the terrorist? Go figure? The globalist think more of the people crossing our borders illegally, than the people who have spilt blood for this country like our Veterans. You know those plastic coffins FEMA bought? They’re for people like me. People who would rather die a free man, than live under someone’s idea of a NWO.

I hear you Jerry. Maybe people will wake up and see where we are all headed and will change directions, but, I fear not. One can hope! We can only navigate our ways and as someone said, “just get out of the way” of this thing. From an econ stand point, an EU, BRICS, NAU and maybe a Nordic, Middle Eastern union ect…is better for competion. Is that part of the nwo? Maybe. Can it be stopped? Idk.. I doubt it.
Anyways, I just want to say thanks for all your input Jerry, I really appreciate it. Greg, love your site and the contributors, they are a very insightful group!

” We don’t want him to, nor anyone to reveal their sources. We live in perilous times now. We can learn to live with such info.”

So one can just say anything he wants, back it up by stating opaguely that some anonymous “higher source” revealed the information — and you will follow without ever checking if the “higher source” is honest and trustworthy, intelligent and informed.

That is a dangerous route to travel.
In these perilous times one must be make every effort to verify the truth.
Wolves in sheep clothing abound.
Better to be a skeptic than gullible.

Which is worse?
To be one who listens only to what MSM feeds the public and believes times are just “going to get better and better” … or someone who believes everything that Alternative Media feeds them? I would call both equally foolish.

It is better to compare notes against other sources and make your own judgment. I’d rather not have anyone jeopardize anyone’s life by revealing ids. Look where Snowden is. Can anyone have the same protection? Too many mysterious happenings…not worth it imho. Be safe everyone.

I am sure more than 285 Palestinians will die this week. Does not seem to be a big deal in the US press. 285 people died in the Malaysian airline attack. Ukraine comes out right away with the prepared press conference. As for Israel, a little bit of learning from Jesus Christ about loving thy neighbor would go along way. The war drums are beating.

Hi Greg,
I would like to know how the USA will continue to fund the military industrial complex, if the dollar fails. Now estimated at ~ $30-50 billion per year. Please ask this question to all your best informed guests.

The problem and solution are both really quite simple but only a few people seem to understand and say so publicly. The first person to clue myself in was Bill Still with his full length documentary “The Money Masters”. The American Monetary Institute is another that understands the problem and has a solution. In fact Dennis Kucinich championed AMI’s position with draft legislation presented to Congress.

The problem is that the world’s monetary system is a debt based system wherein money is created as debt by a private for profit banking cartel. The second part of that problem is the fractional reserve banking system wherein banks can leverage the money creation process for their own profit.

The solution is for government, on behalf of the people, to take back the omnipotent power of money creation , and spend debt free money into the economy. It is only then the quantity of money which must be closely guarded. The world’s banking cartel would then be placed on a full reserve system wherein the banks would only lend money they actually had producing prudence in lending as a by product, rather than the creation of speculative bubbles as profit generation for banks with the issuing of loans to inflate bubbles.

Greg Hunter, Bill Still as a fellow journalist and investigative reporter would make a fascinating interview.

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Greg is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin.

USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.